Some market watchers expect the Trump Administration to weigh in on future corporate mergers, potentially resulting in slowing M&A activity.
"When you see M&A, you tend to have efficiency gains," said Michelle Meyer, head of U.S. economics at Bank of America Merrill Lynch. "That means a redeployment of labor - so there's some displacement of labor but then ultimately, maybe you have some productivity advancements."
In terms of an economic impact, Meyer said it depends on the "magnitude" of M&A activity and how it compares to previous years.
Meyer adds that the Federal Reserve is in a tougher place in the wake of Trump's recent tariffs.
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